Low unemployment rates in Asia

One indicator of how dynamic an economy is, is the size or percentage of their unemployment rate. More business development means more jobs created, which means less unemployment, less poverty.

Below is the list of selected countries and their respective unemployment rate, in percent. Unless specified, numbers are as of August 2010.

  • US, 9.6
  • Canada, 8.1
  • Mexico, 5.7 (July)

 

  • Spain, 20.3 (July)
  • Greece, 11.6 (June)
  • Belgium, 11.3 (May)
  • France, 10.0 (July)
  • Italy, 8.4 (July)
  • UK, 7.8 (July)
  • Germany, 7.6

 

  • China, 9.6 (2009)
  • Indonesia, 7.4 (February)
  • Philippines, 6.9 (Q3)
  • Japan, 5.2 (July)
  • Taiwan, 5.2 (July)
  • Hong Kong, 4.3 (July)
  • Malaysia, 3.7 (June)
  • S. Korea, 3.4
  • Singapore, 2.2 (Q2)
  • Thailand, 1.5 (May)

source: The Economist, September 16, 2010 issue.

Low unemployment rates mean many people have jobs and have good purchasing power capacity.

— by LG

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